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icang [17]
3 years ago
10

All of the following are benefits of following the ________ approach to target market selection: a strong knowledge of the segme

nt's needs, a strong market presence, operating economies through specializing in production, distribution, and promotion.
Business
1 answer:
Tpy6a [65]3 years ago
4 0

Answer:

<u>single-segment concentration.</u>

Explanation:

<em>Single-segment concentration</em> occurs when the company concentrates its operational, productive, marketing and sales efforts to serve a single market segment.

Advantages of this model include enhancing the effectiveness of concentrated marketing, which helps the organization achieve activity specialization, which increases the possibility of becoming a market leader and achieving a high return on investment.

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Clint Hill, CEO of Oregano Systems, a software engineering company, holds internal contests on the company intranet to get his e
kodGreya [7K]

Answer:

C) Bottom-up approach

Explanation:

The bottom-up approach refers to a management style where employee feedback is very valuable. Employees are generally invited to participate in the decision making or goal setting processes. The communication flows from the bottom of the organization to upper management levels.

In this case Hill, organizes an internal contest in order to get new business ideas.

8 0
3 years ago
ASAP PLEASE HURRRY!
BartSMP [9]

Answer:

Hometown cooking, A restaurant, is owned and operated be Mrs.Jones.

Explanation:

Have a nice day :3

5 0
2 years ago
Suppose that the price of sushi take-out, a substitute, decreases in price. what will happen to the demand for chinese take-out?
omeli [17]
<span>Suppose that the price of sushi take-out, a substitute, decreases in price. What will happen to the demand for Chinese take-out? The demand for Chinese take-out will likely decrease as a substitute is cheaper. Those we are okay with substituting one item with another are often after the price the items sell out versus exactly what the want from the item. Since they are substitutes, more people will likely get the cheaper option, Sushi take-out. </span>
8 0
3 years ago
__________ argues that the productivity of workers will increase if they are paid more, and so employers will often find it wort
Triss [41]

Answer:

Efficiency wage theory

Explanation:

Efficiency wage theory was first postulated by Alfred Marshall, where he viewed compensation to workers as based on their efficiency.

Companies use efficient wage to reduce staff turnover, as staff are motivated to stay because of wages that are above the industry standard.

It is also a way to reduce cost mostly in industries where the cost of staff replacement is high.

6 0
3 years ago
Why must a monopoly supply a good or service that has no close substitute
butalik [34]

Answer:

Because a monopoly is when one person or buisness provides a good or service that people can't get anywhere else so they can continue to make money.

Explanation:

5 0
2 years ago
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